Question to the HM Treasury:

To ask Her Majesty's Government what is the relationship between (1) the UK Shared Prosperity Fund, (2) the Stronger Towns Fund, and (3) the Levelling Up Fund.

The Government is committed to levelling up opportunities across the UK, which we will deliver by boosting jobs, wages and prospects for all communities so that everybody gets the same access to opportunities in life. The recent Spending Review confirmed investment to support this agenda, including £220m in 21/22 to support local areas across the UK to pilot programmes and prepare for the introduction for the UK Shared Prosperity Fund; £621m in 21/22 to regenerate towns through the Towns Fund (which includes both the ‘Stronger Towns Fund’ and the Future High Streets Fund); and £4.8bn for the UK-wide Levelling Up fund to invest in local infrastructure that has a visible impact on people and their communities.